Former Packer Mark Brunell files for Chapter 11 bankruptcy

[The Leaper]

Investments create jobs and revenues. Jobs and revenues create tax revenues. We want people investing and growing the economy and preferably technology. He invested some money, it failed, it happens. Hopefully his next venture creates a thousand jobs and is more successful.

All well and good bobble...but most of the guys we are talking about from the NFL are ATHLETES, not experienced entreprenuers. Most of them are being foolish if they are investing the bulk of their career earnings in things that have the chance to go *poof*. Some may have gone to school for it or have some background in it...but those are the minority.

[retailguy]

Earl Campbell Sausage...

http://www.earlcampbellmeatproducts.com/default.asp

[falco]

Money doesn't have to be actively invested in order to be put to work. Simply sitting funds in a checking account makes them available for banks to lend out to other investors. Putting them in some sort of mutual funds puts them out to the secondary market where they can be put to use by a variety of firms.

[falco]

Investments create jobs and revenues. Jobs and revenues create tax revenues. We want people investing and growing the economy and preferably technology. He invested some money, it failed, it happens. Hopefully his next venture creates a thousand jobs and is more successful.

All well and good bobble...but most of the guys we are talking about from the NFL are ATHLETES, not experienced entreprenuers. Most of them are being foolish if they are investing the bulk of their career earnings in things that have the chance to go *poof*. Some may have gone to school for it or have some background in it...but those are the minority.

Apparently he never heard of diversification before...

[Fritz]

Poor Earl Campbell. That guy's body is like sausage now...

[mraynrand]

Earl Campbell Sausage...

http://www.earlcampbellmeatproducts.com/default.asp

I bet Ole' Earl works the stun line himself.

[retailguy]

Investments create jobs and revenues. Jobs and revenues create tax revenues. We want people investing and growing the economy and preferably technology. He invested some money, it failed, it happens. Hopefully his next venture creates a thousand jobs and is more successful.

All well and good bobble...but most of the guys we are talking about from the NFL are ATHLETES, not experienced entreprenuers. Most of them are being foolish if they are investing the bulk of their career earnings in things that have the chance to go *poof*. Some may have gone to school for it or have some background in it...but those are the minority.

Apparently he never heard of diversification before...

Nope, he believed the "hype and bull" that real estate is "always" the best place to put your money. It is NEVER a good idea to be over leveraged, regardless of "how good the deal is".

Put your money to work where YOU understand it. Don't rely on "experts" who have less money than you do. (The world is full of those "experts".)

If all you understand is a checking account then put it there. But please realize that if you do that, you have a LOT of work to do and a LOT to learn.

edit -

And NEVER NEVER NEVER take on a "partner". Let me repeat that - NEVER NEVER NEVER take on a partner.